Brett Barth
24 statements across 5 episodes · 11 bullish · 4 bearish · 1 people on the record · first statement Apr 20, 2017 by Brett Barth · said 1 times in 1 episodes since 2017 · across every show →
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brought up most by Ted Seides (1)
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2017 1 mention in 1 episode
Everything said about Brett Barth, oldest first
Apr 20, 2017 neutral
Barth: BBR Partners averages 15% annual manager turnover
“And so on average, our turnover has been about 15% a year. There's been years it's a little lower, a little higher than The highest number has been kind of low twenties. The lowest number is kind of high single digits, but we look at that data.”
Apr 20, 2017
Barth: Be passive in efficient markets and highly concentrated in inefficient ones
“We take a core satellite approach where you want to be passive, and you particularly want to be passive in the most efficient markets, and you want to be active in niche managers where there's a lot of inefficiencies, and they've got a structure to be concentr…”
Apr 20, 2017 bearish
Apr 20, 2017 negative
Barth: BBR avoids asset-gathering managers focused on fee retention
“At the end of the day, managers who are focused on earning a management fee and keeping assets and just not underperforming, you know, your average mutual fund whose job it is, is to never be below three or four Morningstar stars so that the four one K consult…”
Apr 20, 2017
Barth: BBR secures fee discounts by providing acceleration capital to emerging managers
“You don't want to just be in the lowest fee managers, but you want to pay as little as possible, and one of the ways we do that is guys and gals who are earlier in their life cycle or smaller in their assets, where our asset base makes a difference, and we can…”
Apr 20, 2017 positive
Barth: Allocating across different manager temperaments is a powerful diversification tool
“Temperament and approach is one of the ways to get diversification, and so I'll get a question from a client or prospective client, you know, if a stock's down, do you like managers who buy more, or do you like managers who have stopped losses and cut their lo…”
Apr 20, 2017 neutral
Barth: BBR demands 3-4 unprovided references before backing managers
“There shouldn't be anyone who's such a secret That I can't find at least three or four third-party unprovided references where we can get very detailed, thoughtful opinions on those managers. If I can't do that, and they can't all be positive, we can't make an…”
Apr 20, 2017
Apr 20, 2017 positive
Barth: BBR prefers errors of omission over errors of commission
“We think that there are two types of hiring mistakes you can make. One is you can hire a manager you wished you hadn't, or make an investment you wished you hadn't, or not make an investment you wished you had. And I would say we are comfortable with the latte…”
Apr 20, 2017 neutral
Sep 27, 2021 bearish
Barth: Firm avoids crypto because its only thesis is greater-fool pricing
“I think of crypto as a commodity like gold, and I have a very hard time, or we as a firm have a very hard time investing in anything where the only investment case is that someone will pay more in the future than you do today.”
Sep 27, 2021 bullish
Barth: BBR Pays Far Below Rack-Rate Fees for Small Long/Short Managers
“Because it's been such an unloved asset class, we don't pay anywhere near rack rate fees. It's smaller managers. For us with families, it's also managers who've been much more focused on tax efficiency, and so our ability to generate really attractive After fe…”
Sep 27, 2021 neutral
Barth: Capital destruction in crypto could wipe out profits despite game-changing technology
“Like this could be a game changing technology but the destruction of capital because of so much money flowing in, we could all be changing how we trade, how we clear, how we transact, how we communicate, but it's not clear any of us will have made money on tha…”
Sep 27, 2021 bullish
Sep 27, 2021 positive
Barth: Toe-dipping in emerging assets means backing focused specialists, not whole ecosystems
“Dipping your toe in isn't getting long the ecosystem. It's finding one or two really thoughtful partners who are sharpshooters. So you're not buying the asset class, so to speak. You're finding thought partners who can help educate you, and you're finding thou…”
Sep 19, 2022 bullish
Sep 19, 2022
Sep 19, 2022 positive
Feb 24, 2025 positive
Barth: The most interesting alpha originates from capital scarcity
“And so I think the most interesting alpha today comes from a lack of capital. And that lack of capital can either be because it's unfavored or And that goes to being contrarian. Something's cheap because people hate it. It can be a lack of capital because of a…”
Feb 24, 2025 neutral
Feb 24, 2025 positive
Jun 30, 2025 bullish
Barth: Dislocated biotech sector presents massive multi-asset investment opportunities
“One of the places where we see public, private, and credit incredibly dislocated, unloved, and where we think there's huge opportunity is biotech. It has been such a bubble through the pandemic where biotech and vaccines were going to solve everything, and now…”
Jun 30, 2025 bullish
Barth: BBR seeded three interval funds and private credit BDCs recently
“We've seeded some interval funds and some private credit BDCs, because if I can turn a high single digit, low double digit into a high double digit return, I'll pay tax on that and be really excited about it. We're expecting to see those flows, and if you can …”
Jun 30, 2025 negative
Barth: BBR Rejects VC Mega-Funds and Hybrid Crossover Growth Funds
“We have not generally done any venture capital funds who have gotten larger and merged into growth equity funds, and they're obviously the well-known hedge funds that have launched Big growth equity private equity funds. We've done neither. It has been much mo…”